Home sales in McKinney were up 18% in August as compared to the same time last year. The average sales price rose 7% while the median sales price jumped 13%. Pending sales climbed 7%. There was a sharp increase of 27% in the number of new listings and the active listings shot up 52%. While this is great for buyers ( more homes to choose from), the months of inventory only stands at 3.2 months. While this is a lot better than previous months, it is still very short of the 6 months that is considered a balanced market. We are still very much in a Seller’s Market.